Thursday, Aug 28, 2008
Dont be fooled by
CNN: The economic growth mirage
Sure, the economy grew at a decent clip in the second quarter. But economists say the gain may be temporary and warn of tougher times ahead.
Posted by mark @ 09:14 PM (181 views) Add Comment
2 Comments
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1. harold said...
I wonder how much of this GDP growth is due to increased consumption? After all, the FED has just sprayed billions free $s at the US consumer in the form of a stimulus package. Small wonder that GDP has risen. Watch out for inflation.
2. trough2010 said...
Short-term it certainly will be. Election boost? Don't have the evidence but wouldn't be surprised.